Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 4 Days Ago
Questions Answered: 19234
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 16 Jul 2017 My Price 14.00

Homework #4F Bond Yield to Call. YTM and Price after original Issue

Finance

Question 2 (1 point)

 

Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds had a 14.61 percent coupon rate and paid interest annually. It is now 17 years later. The current market rate of interest on the Bright Sun bonds is 9.59 percent. What is the current market price (intrinsic value) of the bonds?

Round the answer to two decimal places

 

Answers

Dr Nick
(4)
Status NEW Posted 16 Jul 2017 07:07 PM My Price 14.00

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